Clear Rock Advisors LLC Increases Holdings in United Parcel Service, Inc. (NYSE:UPS)

Clear Rock Advisors LLC lifted its holdings in United Parcel Service, Inc. (NYSE:UPS) by 2.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,157 shares of the transportation company’s stock after acquiring an additional 289 shares during the period. Clear Rock Advisors LLC’s holdings in United Parcel Service were worth $1,937,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Aveo Capital Partners LLC purchased a new stake in United Parcel Service during the 4th quarter valued at $218,000. Jones Financial Companies Lllp increased its position in United Parcel Service by 82.2% during the fourth quarter. Jones Financial Companies Lllp now owns 4,423 shares of the transportation company’s stock valued at $695,000 after acquiring an additional 1,996 shares during the last quarter. Rafferty Asset Management LLC raised its stake in shares of United Parcel Service by 1.9% in the fourth quarter. Rafferty Asset Management LLC now owns 74,924 shares of the transportation company’s stock valued at $11,780,000 after acquiring an additional 1,430 shares during the period. Belpointe Asset Management LLC lifted its holdings in shares of United Parcel Service by 248.2% in the 4th quarter. Belpointe Asset Management LLC now owns 7,640 shares of the transportation company’s stock worth $1,201,000 after acquiring an additional 5,446 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in shares of United Parcel Service by 127.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 88,783 shares of the transportation company’s stock worth $13,959,000 after purchasing an additional 49,744 shares during the period. Hedge funds and other institutional investors own 60.26% of the company’s stock.

Insiders Place Their Bets

In other news, Director William R. Johnson purchased 5,000 shares of the stock in a transaction dated Thursday, July 25th. The shares were acquired at an average cost of $128.61 per share, for a total transaction of $643,050.00. Following the acquisition, the director now owns 5,160 shares of the company’s stock, valued at $663,627.60. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

United Parcel Service Price Performance

NYSE UPS opened at $133.29 on Wednesday. The company has a market cap of $114.04 billion, a PE ratio of 19.32, a P/E/G ratio of 1.98 and a beta of 0.99. The firm’s 50 day moving average price is $128.69 and its 200-day moving average price is $138.10. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.25 and a current ratio of 1.25. United Parcel Service, Inc. has a 52-week low of $123.12 and a 52-week high of $163.82.

United Parcel Service (NYSE:UPS) last announced its earnings results on Tuesday, July 23rd. The transportation company reported $1.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.20). United Parcel Service had a net margin of 5.87% and a return on equity of 35.27%. The company had revenue of $21.82 billion for the quarter, compared to the consensus estimate of $22.17 billion. During the same period last year, the business posted $2.54 EPS. The firm’s revenue was down 1.1% compared to the same quarter last year. Sell-side analysts forecast that United Parcel Service, Inc. will post 7.43 EPS for the current fiscal year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 19th were paid a $1.63 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a $6.52 annualized dividend and a yield of 4.89%. United Parcel Service’s dividend payout ratio (DPR) is presently 94.49%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. UBS Group reduced their price objective on shares of United Parcel Service from $175.00 to $159.00 and set a “buy” rating on the stock in a research report on Wednesday, July 24th. Stephens decreased their price target on United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Stifel Nicolaus dropped their price objective on United Parcel Service from $170.00 to $151.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. BMO Capital Markets reduced their target price on United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 24th. Finally, Barclays lowered their target price on shares of United Parcel Service from $145.00 to $120.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $149.68.

United Parcel Service Profile

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.